Foreclosure, A National Problem:

Managing Real Estate Broker with Alta Realty Company, LLC RB 21961

Foreclosure, A National Problem:
Here are some disturbing statistics from the Mortgage Bankers Association, based on 44.6 million mortgages. Data courtesy of the CDPE organization.

National Numbers, Prime Loans - 1st Quarter 2010
3.41% in Foreclosure
6.89% in Default (30+ days late)
10.3% Total

National Numbers, Subprime Loans - 1st Quarter 2010
15.39% in Foreclosure
25.76% in Default (30+ days late)
41.15% Total

National Numbers, FHA Loans - 1st Quarter 2010
3.93% in Foreclosure
12.09% in Default (30+ days late)
16.02% Total

National Numbers, VA Loans - 1st Quarter 2010
2.63% in Foreclosure
7.06% in Default (30+ days late)
9.69% Total

National Numbers, All type loans combined - 1st Quarter 2010
4.63% in Foreclosure
9.38% in Default (30+ days late)
14.01% Total

That's approximately 1 in 7 mortgages not being paid.
More than 7 out of 10 homeowners go into foreclosure without VISIBLE intervention.

If you are in financial distress, help is just a phone call away.

Donn Rasch
Real Estate Broker
CDPE (Certified Distressed Property Expert)
RE/MAX Equity Group, Inc.
9200 SE Sunnybrook Blvd., Suite 100
Clackamas, Oregon 97015
Donn's Real Estate Blog
Clackamas River Front Home Tour Link


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
RE/MAX Active Rain Bloggers
Moving to Oregon
Local Expert
Market Reports
Portland Oregon Home Buyers and Sellers
foreclosure help
real estate
short sale

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Donn Rasch

Ask me a question
Spam prevention